5151 Colfax AveDenver, CO 80204

For Lease
$12.75/SF/YR

13,650 SF Medical Office, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 13,650 square-foot medical office building, formerly a Walgreens, is ideally situated at the northeast corner of West Colfax Avenue and Sheridan Boulevard in Denver, Colorado. Boasting a prime location with high visibility and accessibility, this single-tenant property offers significant advantages. The building features approximately 58 parking spaces, prominent building and pylon signage, and convenient access from both West Colfax Avenue and Sheridan Boulevard. Built in 2006 with HVAC systems replaced in 2020, the property sits on a 1.21-acre parcel and is zoned C-MS-8 by the City of Denver (permitted uses detailed in Section 7.4.4 of the City's Urban Center Download). The property includes a drive-thru. The high-traffic intersection sees approximately 60,000 vehicles per day. This area is densely populated, with 86,000 residents within a two-mile radius and an average household income exceeding $107,000. The suggested annual rent is $175,000, modified gross (with tenant responsible for repairs and maintenance, insurance, and utilities). The lease term extends to November 30, 2035, and the property is offered "as-is," subject to the approval of Walgreens Co.'s Real Estate Committee. Prohibited uses are specified in the City of Denver zoning documents. This presents a unique opportunity for a medical practice seeking a prominent location in a thriving Denver neighborhood.

Highlights

  • $175,000 annual rent, modified gross (tenant pays R&M, insurance, utilities).
  • Master lease expiration: 11/30/35.
  • 13,650 square foot former Walgreens building with drive-thru.
  • Building and pylon signage included.
  • High-traffic location at the northeast corner of W Colfax Ave and Sheridan Blvd (approx. 60,000 vehicles per day).
  • Convenient access from W Colfax Ave and Sheridan Blvd.

Unit(s) available at that property

Space
Size
13,650 SF
Rate per SF
$12.75

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7406841
Longitude
-105.0523642
5151 Colfax Ave, Denver, Colorado

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5151 Colfax Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message